FY2024 EPS Estimates for CSGS Reduced by Cantor Fitzgerald

CSG Systems International, Inc. (NASDAQ:CSGSFree Report) – Equities researchers at Cantor Fitzgerald reduced their FY2024 EPS estimates for CSG Systems International in a research note issued on Tuesday, January 14th. Cantor Fitzgerald analyst B. Knoblauch now anticipates that the technology company will earn $3.34 per share for the year, down from their previous forecast of $3.54. The consensus estimate for CSG Systems International’s current full-year earnings is $3.47 per share.

Other equities analysts have also issued research reports about the stock. Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Royal Bank of Canada increased their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CSG Systems International presently has a consensus rating of “Buy” and an average price target of $62.00.

Check Out Our Latest Report on CSG Systems International

CSG Systems International Stock Performance

Shares of CSGS stock opened at $52.08 on Thursday. The firm has a 50-day moving average of $53.11 and a 200-day moving average of $48.73. The company has a market cap of $1.52 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.36 and a beta of 0.88. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a one year low of $39.56 and a one year high of $57.15.

CSG Systems International (NASDAQ:CSGSGet Free Report) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. CSG Systems International’s dividend payout ratio is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in CSG Systems International during the third quarter worth about $840,000. Dean Investment Associates LLC boosted its position in CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares during the period. Geode Capital Management LLC boosted its position in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Martingale Asset Management L P bought a new position in CSG Systems International during the third quarter worth about $866,000. Finally, Quantbot Technologies LP bought a new position in CSG Systems International during the third quarter worth about $294,000. Institutional investors own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.

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